Verification of Costs. Lender will have the right at any time and from time to time to review and verify all Hard Costs and Soft Costs incurred by Borrower.
Verification of Costs. Xxxxxx has the right at any time and from time to time to review and verify all costs incurred by Borrower.
Verification of Costs. Lender will have the right at any time and from time to time to review and verify all costs, expenses, and fees in each Unit Budget and each A&D Lot Development Budget. Based on its review and verification of costs, expenses, and fees in each Unit Budget and each A&D Lot Development Budget, Lender will have the right to (a) adjust any and all such budgeted amounts for purposes of determining Collateral Values of Eligible Collateral and (b) reduce or increase the applicable Collateral Values.
Verification of Costs. The Lender will have the right at any time and from time to time to review and verify all costs, expenses, and fees in each Unit Budget and each Eligible Lot Budget. Based on its review and verification of costs, expenses, and fees in each Unit Budget and each Eligible Lot Budget, the Lender will have the right to (a) adjust any and all such budgeted amounts and (b) reduce or increase the applicable Collateral Values; PROVIDED, HOWEVER, that once the Maximum Allowed Borrowing Base Advance for an item of Eligible Collateral has been determined, that Maximum Allowed Borrowing Base Advance amount is not subject to increase, notwithstanding any subsequent Appraisal and notwithstanding any increase in an Unit Budget; HOWEVER, the Maximum Allowed Borrowing Base Advance amount is subject to increase or decrease based on subsequent events, such as updated Appraisals and subsequent change orders.
Verification of Costs. Administrative Agent will have the right at any time and from time to time to review and verify all Hard Costs and Soft Costs incurred by Borrower. Based on its review and verification of Hard Costs and Soft Costs, Administrative Agent will have the right to reduce the applicable values as they relate to the Available Commitment.
Verification of Costs. The Developer shall provide such information as the City may request for the City to verify that any cost qualifies under this Agreement and has been incurred and paid by the Developer; provided, however, that the only documentation required with respect to the costs of acquiring portions of the Property shall be the applicable settlement statements or proof of payment to a court produced in connection with the acquisition of such portions of the Property. The City may retain such consultants as it deems necessary in connection with such review, the cost of which shall be initially borne by the City, but which is subject to reimbursement pursuant to Section 5.2.
Verification of Costs. The Contractor shall, upon request, allow the examination and verification of costs by the Program Manager or other representatives of the City before final payment is due. If the examination of the contract cost records, results in the determination that unallowable expenses were charged to the City by the Contractor, the Contractor shall be immediately responsible for reimbursing the City for the full amount of such unallowable expenses. The Contractor shall maintain all books, documents, papers, accounting records and other evidence pertaining to costs incurred for the Work and Project and used in support of its Proposal and shall make such documents available at all reasonable times during the period of the Agreement and for three (3) years from the date of final payment under the Agreement, for inspection by the City and any reviewing agencies, and copies thereof shall be furnished upon request. The Contractor agrees that the provisions of this Section shall be included in any agreement it may make with any Subcontractor, assignee, or transferee.
Verification of Costs. At Lender’s request, Borrower agrees to provide Lender with copies of all contracts, subcontracts and other agreements relating to the Project so that Lender can verify all costs set forth in the Budget, which contracts, subcontracts and other agreements shall be subject to Lender’s review and approval. Based on its review and verification of costs set forth in the Budget, Lender shall have the right to reduce the dollar amount of any line items in the Budget or reallocate between line items in the Budget.
Verification of Costs. At Administrative Agent’s request, Borrower agrees to provide Administrative Agent with copies of all contracts, subcontracts and other agreements and information relating to the Project so that Administrative Agent can verify all costs set forth in the Budget, which contracts, subcontracts and other agreements and information shall be subject to Administrative Agent’s review and approval. Based on its review and verification of costs set forth in the Budget, Administrative Agent shall have the right, in consultation with Borrower, to reduce the dollar amount of any line items in the Budget or reallocate between line items in the Budget.
Verification of Costs. 67 18.15 Cross-Collateralization.......................................... 67 18.16 Administrative Agent's Inspector(s).............................. 67 18.17
